Envestnet Portfolio Solutions Inc. Increases Stock Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Royal Caribbean Cruises Ltd. by 30.2% during the second quarter, bringing its total ownership to 6,280 shares valued at around $1.97 million.
• Analysts have raised their price targets for Royal Caribbean, with Stifel Nicolaus increasing its objective from $400 to $420, while Jefferies Financial Group raised their target from $235 to $315.
• Royal Caribbean recently increased its quarterly dividend from $0.75 to $1.00 per share, reflecting a strong dividend payout ratio of 29.99% and an annualized yield of 1.3%.

Envestnet Portfolio Solutions Inc. boosted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 30.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,280 shares of the company's stock after buying an additional 1,456 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Royal Caribbean Cruises were worth $1,966,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises during the second quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Royal Caribbean Cruises during the second quarter worth about $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $32,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at $25,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Analysts Set New Price Targets

RCL has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 23rd. Jefferies Financial Group raised their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research note on Monday, July 7th. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price objective for the company. Finally, Bank of America raised their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $326.95.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the sale, the director owned 150,291 shares of the company's stock, valued at approximately $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,507 shares of company stock valued at $10,091,282. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Down 3.9%

Shares of NYSE:RCL opened at $299.10 on Friday. The firm's 50 day moving average price is $329.19 and its 200 day moving average price is $287.35. The stock has a market cap of $81.24 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 0.87 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter last year, the company earned $3.21 earnings per share. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from Royal Caribbean Cruises's previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. Royal Caribbean Cruises's dividend payout ratio is 29.99%.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.

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